TECHNICALS-Commodities intraday targets/key levels
SINGAPORE, Oct 2 (Reuters) -
Contract | Target | Support/Resistance |
Brent oil (1st month) | - | sup $65.09/$64.69/$64.26 res $65.86/$66.43/$67.26 |
Palm oil (3rd month) | 4,429/4,457 ringgit | sup 4,401/4,366 ringgit |
WTI(1st month) | $62.32/$62.53 | sup $61.37/$60.78 |
Spot gold | $3,882/$3,903/$3,916 | sup $3,849/$3,828/$3,794 |
LME copper (3rd month)* | - | res $10,415/$10,556 sup $10,283/$10,186 |
LME aluminium (3rd month) | $2,705/$2,727 | sup $2,669/$2,637/$2,612 |
CBOT soybeans (Nov.) | $10.21, $10.27 | sup $10.11-1/4, $10.05 |
CBOT corn (Dec.) | $4.19-3/4, $4.23 | sup $4.14-3/4, $4.12 |
CBOT wheat (Dec.) | $5.13-1/2, $5.17 | sup $5.06, $5.03-1/4 |
N.Y. coffee (Dec.)* | $3.8725/$3.9615 | sup $3.7840/$3.6940 |
N.Y. cocoa (Dec.) | $6,528 | res $6,821/$6,905/$7,039 |
Prices are delayed.
Wang Tao is a Reuters market analyst for commodities and energy technicals. The views expressed are his own. No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.
If you have a query or comment on this story, send an email to wang.tao@tr.com.
Related Articles
$660B Capex Bill Triggers $900B Wipeout: Why Apple Shares Outperform Amazon and Google Despite AI Lag
Based on financial disclosures, the combined 2026 capital expenditure forecasts for Meta, Amazon, Google, and Microsoft are projected to reach $660 billion. This figure is not only significantly higher than the $410 billion forecast for 2025 and $245 billion for 2024, but even surpasses the GDP of I
Amazon Stock Predictions for 2026 to 2030: Will They Exceed Expectations and Achieve Major Long-Term Goals?
TradingKey - As we head into 2026, many investors are questioning where Amazon (AMZN) fits into the technology world.
A Crash After a Surge: Why Silver Lost 40% in a Week?
TradingKey - Spot silver (XAGUSD) prices continue to decline. Silver plunged 20% on Thursday, breaking below $71 per ounce, with the sell-off intensifying on Friday as prices fell further below $64. Compared to the all-time high set on January 29, silver prices have retraced more than 40%, wiping out nearly all gains accumulated over the previous month.
Is Bitcoin’s Four-Year Cycle Dead in 2026?
Is the Bitcoin 4-year cycle dead? After 2025 broke historical records with a red post-halving year, institutional analysts explore if the Bitcoin price has decoupled from the halving countdown. Analyze the impact of spot ETFs, global liquidity, and the roadmap to the 2028 halving in this 2026 market
